Samsung reports record $8.76 bn quarterly operating profit

The original Galaxy Note7 that was released a year ago offered a slightly larger battery at 3,500mAh battery.

Operating profit in the chip-making unit of Samsung is estimated at a range of 5-6 trillion won in the first quarter.

Like the rest of the Galaxy C series, the newly launched Samsung Galaxy C7 Pro comes in with an impressive all-metal design that has become characteristic of the South Korean company's midrange phones.

The estimate is based on preorders Samsung received from online and offline stores run by the country's mobile carriers as well as Samsung as of 6 p.m. The refurbished variant of last year's Galaxy Note 7 will carry the model number SM-N935 and it will arrive to a number of markets, but not the US. Today here is the comparison between the Apple iPhone 7 and Samsung Galaxy S7.

The scandal involves Vice Chairman Jay Y. Lee and several top executives accused of bribery and embezzlement.

The heir apparent of Samsung Group, the country's biggest family-controlled conglomerate, is accused of offering tens of millions of US dollars in bribes to Choi, who was branded by prosecutors as a criminal accomplice to the impeached president.

Prosecutors believe the 48-year-old billionaire and his aides used Samsung corporate funds to bribe former President Park Geun-hye and her close confidante in exchange for supporting a smooth leadership transition at Samsung. They said Samsung's semiconductor division likely recorded profit much higher than expected, contributing more than half of the company's quarterly income as supplies of memory chips remained tight while demand from global smartphone makers was solid.

That would be its best quarterly profit in nearly four years and shows a recovery from the Galaxy Note 7 fiasco.

Lee was arrested in February and appeared in a Seoul court on Friday.

These results come before the launch of its newGalaxy S8 flagship phone (which looks set to be a hit) - it goes on sale on April 21st.